Robert Kiyosaki Highlights Concerns About U.S. National Debt
Robert Kiyosaki, the author of Rich Dad Poor Dad, continues to emphasize the importance of buying bitcoin and expressing his worries about the state of the U.S. economy and dollar. Kiyosaki’s book, which he co-authored with Sharon Lechter, has been incredibly successful, selling over 32 million copies worldwide in multiple languages. On social media, Kiyosaki expressed his frustration over the national debt increasing by a trillion dollars since the start of the NFL season. He urged investors to protect themselves by buying gold, silver, and bitcoin, suggesting that financial corruption and incompetence from leaders could harm their wealth. Currently, the national debt stands at $34.06 trillion, a $1.02 trillion increase since last year according to the Treasury Department.
Concerns Raised by Others
Various experts have voiced their concerns about the U.S. national debt alongside Kiyosaki. Economist Peter Schiff predicts that 2024 will witness the largest one-year increase in history, potentially leading to a sovereign debt or dollar crisis. He warns that the national debt is growing rapidly, adding a trillion in less than three months, and if there’s a recession, the debt will increase even faster. Additionally, Moody’s downgraded the U.S. credit rating to “negative” due to escalating deficits and debt burdens. U.S. Senator Rand Paul emphasizes that uncontrolled government spending puts the dollar’s existence at risk, while billionaire Jeffrey Gundlach highlights the need for budget control to prevent inflation and protect the future of the U.S. dollar.
Hot Take: Robert Kiyosaki Advises Investors to Buy Bitcoin Amid Rising U.S. Debt
Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, has expressed concerns about the rapid growth of the U.S. national debt and its potential impact on the economy and the value of the U.S. dollar. He encourages investors to diversify their portfolios by purchasing bitcoin, gold, and silver to safeguard their wealth. Kiyosaki’s warnings echo those of other experts who have raised alarm bells about the escalating national debt and its consequences. The increasing debt poses a significant threat to the U.S. dollar and could potentially lead to a crisis. As a result, Kiyosaki’s advice to invest in bitcoin aligns with his critical outlook on traditional financial systems and his belief in the long-term value of cryptocurrencies.
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